Nittetsu Mining (1515) Q3 2026 earnings summary

Executive summary

• Sales and operating profit increased year-over-year, driven by higher prices in Nonmetallic Minerals, higher copper prices in Metallic Minerals, and property sales in Real Estate.

• Net sales for the nine months ended December 31, 2025, rose 3.7% year-over-year to ¥151,018 million, with operating profit up 53.2% to ¥13,486 million and ordinary profit up 37.8% to ¥14,281 million.

• Profit attributable to owners of parent increased 12.0% year-over-year to ¥9,288 million, and comprehensive income surged 42.1% to ¥14,407 million.

• Record-high sales, profits, and total dividends are planned for the fiscal year.

• A five-for-one share split was executed on October 1, 2025, impacting EPS and dividend calculations.

Financial highlights

• Net sales for FY25 Q3 were ¥151.0B, up ¥5.3B year-over-year.

• Operating profit rose to ¥13.4B, up ¥4.6B year-over-year.

• Ordinary profit increased to ¥14.2B, up ¥3.9B year-over-year.

• Gross profit for the nine months was ¥31,979 million, up from ¥26,955 million year-over-year.

• Earnings per share for the period were ¥118.05, compared to ¥99.74 in the prior year.

Outlook and guidance

• Full-year forecasts for earnings and dividends were revised upward due to stronger-than-expected progress.

• Revised FY25 forecast: net sales ¥205.0B, operating profit ¥16.5B, ordinary profit ¥16.7B, profit attributable to owners of parent ¥10.5B, EPS ¥133.45.

• Dividend per share forecast raised to ¥53.40, with a 5-for-1 stock split effective October 1, 2025.

• Dividend forecast revised, with a year-end dividend of ¥30.00 per share post-split.

• Sensitivity: every 10¢/lb increase in copper price adds ¥0.06B to OP; every ¥5/USD depreciation adds ¥0.03B to OP.